For each account, identify whether the changes would be recorded as a debit (DR) or credit (CR).|f. Decrease to Prepaid Rent|g. Increase to Proudfoot, Capital|h. Increase to Notes Receivablei. Decrease to Accounts Payablea. Increase to Accounts Receivableb. Decrease to Unearned Revenuec. Decrease to Cashd. Increase to Interest Expensee. Increase to Salaries Payablej. Increase to Interest Revenue

Name: For each account, identify whether the changes would be recorded as a
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Description: For each account, identify whether the changes would be recorded as a debit (DR) or credit (CR).|f. Decrease to Prepaid Rent|g. Increase to Proudfoot, Capital|h. Increase to Notes Receivablei. Decrease to Accounts Payablea. Increase to Accounts Rece

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Business

Accounting

For each account, identify whether the changes would be recorded as a debit (DR) or credit (CR). |f. Decrease to Prepaid Rent ]g. Increase to Proudfoot, Capital h. Increase to Notes Receivable |1. Decrease to Accounts Payable |j. Increase to Interest Revenue a. Increase to Accounts Receivable b. Decrease to Unearned Revenue c. Decrease to Cash d. Increase to Interest Expense e. Increase to Salaries Payable

For each account, identify whether the changes would be recorded as a debit (DR) or credit (CR). |f. Decrease to Prepaid Rent ]g. Increase to Proudfoot, Capital h. Increase to Notes Receivable |1. Decrease to Accounts Payable |j. Increase to Interest Revenue a. Increase to Accounts Receivable b. Decrease to Unearned Revenue c. Decrease to Cash d. Increase to Interest Expense e. Increase to Salaries Payable

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 16EB: For each of the following items, indicate whether a debit or a credit applies. A. increase in...

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